T E Narasimhan
T E Narasimhan
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ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi
According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore
 "ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi")
TN lost Rs 4,073 cr due to Centre's GST fund allocation formula: Governor
He added the matter has been referred to a Group of Ministers by the GST Council and he sought for an early favorable decision
 "TN lost Rs 4,073 cr due to Centre's GST fund allocation formula: Governor")
Tamil Nadu demands Rs 563 crore tourism development package from Centre
Governor Banwarilal Purohit informed the state assembly that he has urged the Centre to accord speedy approval for the proposal sent by the state
 "Tamil Nadu demands Rs 563 crore tourism development package from Centre")
India Inc is traveling in top gear even in the shadow of a slowdown
What makes companies invest, hire and expand their capacities when the economy teeters under the pressure of a prolonged downturn
 "India Inc is traveling in top gear even in the shadow of a slowdown")
Under the Palaniswami-led AIADMK, Tamil Nadu has quietly climbed to the top
The state's ranking in agriculture and allied activities and in commerce and industrial ranking has raised a few eyebrows
 "Under the Palaniswami-led AIADMK, Tamil Nadu has quietly climbed to the top")
Metals sector eyes recovery as prices rise after scraping the bottom
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
 "Metals sector eyes recovery as prices rise after scraping the bottom")
Basmati exporters jittery, turmeric also hit over rising US-Iran tensions
Indian exporters have outstanding basmati payments to the tune of Rs 800 crore on Iran
 "Basmati exporters jittery, turmeric also hit over rising US-Iran tensions")
Textile hub Tirupur in a stitch as world brands cut down export orders
UK retailer MotherCare files for bankruptcy--the latest international company to hurt Tirupur's fortunes.
 "Textile hub Tirupur in a stitch as world brands cut down export orders")
Outlook for two-wheelers stable, negative for cars, CV and components: Icra
Credit profile of two-wheeler makers may remain strong despite moderation in earnings; demand weakness in domestic market has been partially offset by healthy export growth
 "Outlook for two-wheelers stable, negative for cars, CV and components: Icra")
Dept of Heavy Industries sanctions 2,636 charging stations to support EVs
With this, the total number of charging stations planned to be installed across select cities has gone up to about 14,000
 "Dept of Heavy Industries sanctions 2,636 charging stations to support EVs")
Brand persuasion: How firms lean on influencers to rope in loyal customers
With brands of all sizes, and across categories, leaning heavily on influencers, the world of online persuaders is in for a makeover
 "Brand persuasion: How firms lean on influencers to rope in loyal customers")
Steel producers raise prices by Rs 1,000-1,500 a tonne as demand perks up
India's iron ore imports tumbled 90 per cent year-on-year during April-October, after a sharp escalation of 172 per cent in the comparable period last year, said CARE Ratings in its report
 "Steel producers raise prices by Rs 1,000-1,500 a tonne as demand perks up")
Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019
Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago
 "Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019")
TVS Motor reports 25% drop in domestic two-wheeler sales in December
Total two-wheeler sales were down by 16.66 per cent to 215,619 units in December 2019 as against sales of 258,709 units in December 2018
 "TVS Motor reports 25% drop in domestic two-wheeler sales in December")
Steep rise in China demand helps arrest decline in marine exports
Value of shipments to that country rose 257 per cent to reach $811 million in FY19, and to $1,025 million in the first eight months of the current financial year
 "Steep rise in China demand helps arrest decline in marine exports")
Future is green: 2020 may see re-birth of electric vehicles, say experts
Recently, Union minister Prakash Javadekar told Parliament about 285,000 buyers of electric/hybrid vehicles had been supported by a subsidy of Rs 360 crore under FAME.
 "Future is green: 2020 may see re-birth of electric vehicles, say experts")
Private equity investments surge to all-time high of $37 bn in 2019
The energy industry led by Brookfield's $1.9 Billion investment in Reliance Pipeline Infra also saw a growth in investments.
 "Private equity investments surge to all-time high of $37 bn in 2019")
SriCity emerges as prime manufacturing location, attract Rs 2236 cr in 2019
Ahead of 2020, eleven companies have kicked off the construction of their plants, while six others entered into the operational phase
 "SriCity emerges as prime manufacturing location, attract Rs 2236 cr in 2019")
After a bumpy ride in 2019, auto industry may see revival in H2FY21
Despite challenges, 2019 saw new brands coming in, mergers and partnerships as well as slew of launches
 "After a bumpy ride in 2019, auto industry may see revival in H2FY21")
Tirupur knitwears' operational compliance has improved workers' lives
Workers are paid above the norm set by the state government and given a five per cent increment every year
